Ted Cruz’s Nord Stream 2 Sanctions Bill Fails in US Senate
Senator Robert Menendez won the support of many of his fellow Democrats, including President Joe Biden, for an alternative bill to impose sanctions on Russia that he introduced on Jan. 12.
Russia Undermining European Gas Supply amid Ukraine Standoff, IEA Says
In contrast to its dealings with the European Union, Russia is delivering natural gas exceeding its contractual commitments to China, Birol added.
US Senators Say Cruz Sanctions on Nord Stream 2 Could Harm Relations with Germany
The deal requires the bill to get 60 votes—a high hurdle in the 50-50 Senate. The bill would also have to pass in the House and be signed by President Joe Biden, a Democrat.
Gas Prices Up Again as Russian Pipeline Remains Stuck in Reverse
It has now been flowing eastwards since Dec. 21, data from German network operator Gascade showed.
US Says Nord Stream 2 Sanction Plan by Cruz Would Undermine United Front
The Biden administration has opposed the pipeline as it would bypass Ukraine, depriving it of lucrative transit fees.
Putin Says Launch of Nord Stream 2 Would Reduce Gas Prices in Europe
The start of gas exports via the Nord Stream 2 gas pipeline on the bed of the Baltic Sea would lead to a reduction in gas prices in Europe, Russian President Vladimir Putin was quoted by the local news agencies as saying on Dec. 24.
Oil Prices Ease, Focus Shifts to Next OPEC+ Move
Brent crude futures snapped a three-day rally on Dec. 24 in light trading before the Christmas holidays, but the benchmark ended the week higher, with the market focusing on next steps by OPEC+ and the impact of the Omicron variant.
Gas Prices Surge in Europe as Russia’s Yamal Pipeline Exports Fall
“The renewed drop in flows to northwest Europe along one of three main pipelines coincides with both the start of linepacking of string 2 of Nord Stream 2, as well as unseasonably cold weather in Russia,” ICIS analysts said.
Cruz Secures Vote on Nord Stream 2 Sanctions in Deal with Schumer
U.S. Senator Ted Cruz’s bill, which would impose measures on Russia’s Nord Stream 2 pipeline under previous mandates, will need 60 votes to pass.
Rosneft CEO Warns of Potential 'Super Cycle' in Energy Markets
To meet rising demand, Rosneft plans to increase investments in new projects, as it ramps-up its Vostok Oil project in Russia's north, where it sold a 5% stake to Vitol-led consortium for 3.5 billion euros last month.